Never miss a story from Michael Boutros

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Michael Boutros

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

  • USD rally testing near-term resistance- Yen crosses in focus
  • Updated targets & invalidation levels
  • Looking for trade ideas? Review DailyFX’s 2016 4Q Projections

The USD Index (DXY) is testing the 2016 open as resistance as the EURUSD tests its yearly open as support. We’ll be looking for some back-and-fill to start off the week with the immediate topside bias at risk near-term. The yen crosses of particular interest with the EURJPY & NZDJPY setups highlighted last week in focus.

Key technical setups discussed on DXY, NZDJPY, EURJPY, AUDNZD, DAX, Crude Oil, Silver, Gold, EURUSD, EURCAD, USDCAD, and AUDJPY. The economic docket this week is highlighted by Aussie CPI and UK & U.S. GDP. Continue tracking these setups and more throughout the week- Subscribe to SB Trade Desk and take advantage of the DailyFX New Subscriber Discount.

Relevant Data Releases

Webinar: USD, EUR Back at Yearly Open- US GDP in Focus

Help fine-tune you entries, click here to learn more about the DailyFX Grid Sight Index (GSI)

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFX and Tuesday, Wednesday & Thursday’s on SB Trade Desk at 12:30 GMT (8:30ET)